Yield
Distribution rate before sales charge
as of 06/14/24
3.16%
Distribution rate after sales charge
as of 06/14/24
3.09%
30-day SEC yield with subsidy
as of 05/31/24 (after sales charge)
3.21%
30-day SEC yield without subsidy
as of 05/31/24 (after sales charge)
3.09%

Expense ratio

Class A
Total expense ratio 0.82%
What you pay† 0.62%

† The fund's expense ratio is taken from the most recent prospectus and is subject to change. What you pay reflects Putnam Management's decision to contractually limit expenses through 03/30/25

Annualized performance as of 03/31/24 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 2.82% 0.73% 1.26% 1.06%
Bloomberg 3-year Municipal Index 1.80%-0.02%1.06%1.21%